Thanks to the new architecture of depository account opening created by the National Depository Center (NDC), investors can conveniently place their orders using a mobile phone, NDC Board Chairman Agahuseyn Khudaverdiyev told a briefing on the implementation of the E-Vote system, Report informs.
According to Khudaverdiyev, the new system allows investment company clients to remotely open securities accounts through API and receive data about securities in their balances.
“The infrastructure was developed taking into account best international practices and will become an important step in developing Azerbaijan's capital market. With the support of the Central Bank, the digital solutions used in the initial public offering of the International Bank of Azerbaijan proved their effectiveness. Investors could easily place orders through depository accounts opened via a mobile application. Additionally, automation was provided for displaying secondary market transaction results in the securities balance,” he said.